Oil Hits New Low of the Year at $55 a Barrel

HAPPEN. BLOOMBERG INTELLIGENCE SENIOR COMMODITIES STRATEGIST LIVE FROM MIAMI. MIKE, YOU SAID IT WOULD GO DOWN TO MAYBE 40 AS A MATTER OF FACT.I WONDER IF YOU CAN REMIND US OF THE TRENDS WE ARE SEEING. THIS IS SUPPOSED BE WINTER SEASON, ISN'T OIL SUPPOSED TO BE MORE EXPENSIVE. MIKE: IT IS NICE TO GET A FEW RIGHT.IF YOU WANT TO TALK ABOUT THE WINTER SEASON, NATURAL GAS HAS COLLAPSED. LET'S GO OVER WITH WHAT YOU STARTED WITH, CRUDE OIL. $55 A BARREL, NEW LOW FOR THE YEAR TODAY.IT IS MORE LIKELY TO BE MORE TOWA ...